5 Most Promising Small-Cap Stocks According to Analysts

1. Dynavax Technologies Corporation (NASDAQ:DVAX)

Number of Hedge Fund Holders: 22

Average Upside Potential as of February 10: 126.24%

Dynavax Technologies Corporation (NASDAQ:DVAX) is an American commercial-stage biotechnology company involved in the development and commercialization of novel vaccines in the United States. On January 31, Dynavax Technologies Corporation (NASDAQ:DVAX) announced that the company has been approved for uplisting to the Nasdaq Global Select Market.

On January 9, Dynavax Technologies Corporation (NASDAQ:DVAX) announced that the company’s preliminary HEPLISAV-B revenue for fiscal 2022 amounted to $126 million, up 104% year over year. Moreover, the company also announced that as of December 31, 2022, Dynavax Technologies Corporation (NASDAQ:DVAX) holds roughly $624 million in cash and cash equivalents, and marketable securities.

Dynavax Technologies Corporation (NASDAQ:DVAX) is one of analysts’ most promising small-cap stocks to buy now. The stock has a consensus Buy rating among analysts and an average price target of $25, which represents an upside of 126.24% from current levels.

At the end of Q3 2022, 22 hedge funds were long Dynavax Technologies Corporation (NASDAQ:DVAX) and disclosed positions worth $189.3 million in the company. As of December 31, Fisher Asset Management is the top stockholder in the company and owns over 4 million shares.

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